New Delhi, October 23 (Udaipur Kiran): The domestic stock market opened on a strong note today, witnessing a sharp rise in early trade. For the first time since September 30, 2024, the Sensex opened above the 85,000 mark and the Nifty crossed the 26,000 level.
After the opening rally, some profit booking briefly led to selling pressure, but buyers soon regained control, pushing the market higher once again. By the end of the first trading hour, the Sensex was up 0.98 percent and the Nifty gained 0.87 percent.
Among major gainers during the first hour were Infosys, HCL Technologies, Tech Mahindra, Axis Bank, and Shriram Finance — rising between 1.89 percent and 3.91 percent. On the other hand, InterGlobe Aviation, Aether Industries, Eicher Motors, Cipla, and Dr. Reddy’s Laboratories saw declines ranging from 0.68 percent to 1.03 percent.
So far, active trading was seen in 2,230 shares, out of which 1,302 were in the green while 928 were in the red. Among the 30 Sensex stocks, 28 were trading higher and only two were down. Similarly, 42 out of 50 Nifty stocks were in positive territory, while eight were under pressure.
The BSE Sensex opened 727.81 points higher at 85,154.15. It briefly fell to 84,867.97 due to early profit booking before bouncing back strongly. Around 10:15 a.m., the Sensex was trading 825.28 points higher at 85,251.62.
Likewise, the NSE Nifty opened 188.60 points higher at 26,057.20 but dipped to 25,991.70 before recovering. At 10:15 a.m., it was up 226.25 points, trading at 26,094.85.
Earlier, during the Diwali Muhurat trading on Tuesday, the Sensex closed 62.97 points (0.07%) higher at 84,426.34, while the Nifty ended with a gain of 25.45 points (0.10%) at 25,868.60.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.